Sensex, Nifty Recover After Early Slide

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Sensex, Nifty Recover After Early Slide

(RTTNews) - Indian shares recovered from an early slide to end on a positive note Tuesday, as oil extended losses on demand concerns and the International Monetary Fund sounded bullish on India's growth prospects, saying that the country is a bright spot in an otherwise gloomy global backdrop.

The Economic Survey 2022-23 tabled in Parliament earlier today has projected a GDP growth rate in the range of 6 to 6.8 percent for the next fiscal 2023-24 (FY24).

Global cues were subdued as investors avoided making big decisions ahead of key central bank meetings this week including a two-day policy meeting of the Federal Reserve that gets underway later today.

The benchmark S&P/BSE Sensex swung between gains and losses before ending the session up 49.49 points, or 0.08 percent, at 59,549.90.

The broader NSE Nifty index settled 13.20 points, or 0.07 percent, higher at 17,662.15 as the Follow-On Public Offering (FPO) of Adani Enterprises got fully subscribed on the final day of the subscription.

Adani Ports, UltraTech Cement, Power Grid Corp, Mahindra & Mahindra and SBI all rose around 3 percent in the Nifty pack, while HDFC Life, Britannia Industries, Tech Mahindra, TCS and Bajaj Finance fell 1-2 percent.

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European Shares Seen Flat To Higher At Open

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European Economic News Preview: Eurozone Foreign Trade Data Due

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Sensex, Nifty Modestly Lower On Weak Asian Cues

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Indian shares were a tad lower on Friday, tracking weak cues from other Asian markets. The benchmark S&P BSE Sensex was down 195 points, or 0.2 percent, at 82,333 in early trade while the broader NSE Nifty index dropped 47 points, or 0.2 percent, to 25,015.
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Australian Market Trims Early Strong Gains In Mid-market

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The Australian stock market is trimming its early strong gains in mid-market moves on Friday, adding to the gains in the previous seven sessions, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving well above the 8,300 level, with gains across most sectors led by mining, financial and technology stocks.
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Asian Markets Trade Mostly Lower

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Sensex, Nifty Seen Higher At Open

Sensex, Nifty Seen Higher At Open

Indian shares are seen opening higher on Friday as India's foreign minister S Jaishankar said that trade talks with the U.S. are still going on and "nothing is decided till everything is".
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Thai Shares May Reclaim 1,200-Point Level

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Japanese Market Notably Lower

Japanese Market Notably Lower

Extending the losses in the previous two sessions, the Japanese market is notably lower on Friday, following the mixed cues from Wall Street overnight. The Nikkei 225 is falling to near the 37,500 level, with weakness across most sectors led by index heavyweights, automakers and technology stocks.
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